Silicon Valley’s Political Shift 6/6/24

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4.5 • 66 Ratings

🗓️ 6 June 2024

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

A mega-fundraiser for former president Trump is about to kick off in the heart of San Francisco, what was once a liberal bastion of America, and could raise more than $12 million. Hosted by the prominent venture capitalists David Sacks and Chamath Palihapitiya, the event is an example of a growing circle of tech elites now switching camps – turning against President Biden and warming to Trump.

Transcript

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0:00.0	Two prominent venture capitalists are set to host President Trump for a high profile fundraiser in San Francisco
0:05.8	in a sign of a broader political shift happening in the tech industry.
0:09.2	Deirdrebosa is outside the mansion where the event is set to kick off tonight for today's
0:13.0	tech check hey debau. Hey Melissa high profile and expensive $50,000 a ticket or
0:19.5	300,000 for VIP perks like a photo with the former president.
0:24.2	It will all take place tonight at the mansion right behind me here in the heart of San Francisco.
0:28.9	This street known colloquially as billionaires Row.
0:33.0	The sold-out fundraiser, I'm told by someone familiar
0:35.1	could raise more than $12 million for the campaign.
0:38.2	The hosts are two names that should be familiar
0:40.2	to our audience, Venture Capitalists, David Sachs Sachs who owns the house behind me
0:44.3	and Tamath Paula hapatea. There are also two members of the All-in
0:47.6	podcast that has gained a following and influence in tech circles over the last
0:51.4	few years and it amounts to a truly symbolic shift
0:55.2	in Silicon Valley politics both in dollar and in sentiment. San Francisco it is of
0:59.7	course still heavily liberal but there is growing vocal support for the former
1:04.0	president. Eight years ago Peter Teal co-founder of PayPal and Palantier he was
1:08.8	Trump's most vocal supporter in the valley and when then Intel CEO planned a Trump fundraiser he
1:15.9	quickly scrapped it after media began looking into his support so it wasn't all
1:19.9	that common it wasn't talked a lot about if you did support Trump. Today though tech support of the former
1:25.8	president anything but in the shadows prominent VCs like Sequoia's Doug Leon and Sean
1:30.5	McGuire doubling down even after last week's conviction
	...

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